RGP posts recast FY2024 segment data; Q4 revenue $136.9M, net loss $5.7M

RESOURCES CONNECTION, INC.

New segments: On-Demand Talent, Consulting, Outsourced Services, Europe & Asia Pacific, Other. No change to net income.
Q4 Aug 24, 2024 revenue $136.9M (down from $170.2M a year ago); net loss $5.7M vs profit $3.1M.
On-Demand Talent Q4 revenue $52.5M, adjusted EBITDA $2.6M; Consulting $55.0M rev, $7.8M adj.EBITDA.
Goodwill impairment of $3.9M in Europe & Asia Pacific segment in Q4; gain on building sale $3.4M.
Adjusted EBITDA Q4 $2.3M vs $11.5M prior year; average bill rate $118/hr vs $125/hr.

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